Ringley Park Properties Limited Filleted accounts for Companies House (small and micro)
Ringley Park Properties Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08657072
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Financial Statements |
Year ended 30 June 2023
Contents |
Page |
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 30 June 2023
216 West George Street
Glasgow
G2 2PQ
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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– |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Non-distributable reserves |
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Profit and loss account |
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Shareholders funds |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
28 March 2024
, and are signed on behalf of the board by:
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Director |
Company registration number:
08657072
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Notes to the Financial Statements |
Year ended 30 June 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Bollinway, Hale, Cheshire, England, WA150NZ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
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Investment property
Stocks
Provisions
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Tangible assets
Land and buildings |
Equipment |
Total |
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£ |
£ |
£ |
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Cost or valuation |
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At 1 July 2022 |
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Disposals |
(
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– |
(
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Revaluations |
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– |
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At 30 June 2023 |
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Depreciation |
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At 1 July 2022 |
– |
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Charge for the year |
– |
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At 30 June 2023 |
– |
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Carrying amount |
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At 30 June 2023 |
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At 30 June 2022 |
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6.
Debtors
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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Corporation tax |
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Other creditors |
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Other creditors |
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Bank of Scotland Plc has been granted standard securities over the property portfolio in respect of term loan borrowings.
8.
Creditors:
amounts falling due after more than one year
2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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9.
Directors' advances, credits and guarantees
As at the 30th June 2023 Mr and Mrs Caplan were owed £
1,030,814
(2022: £1,027,123). This amount is interest free, unsecured and has no fixed date for repayment.
10.
Related party transactions
At the 30th June 2023 an amount of £981 (2022: £981) was due to A Need to Sell, a partnership in which
Mr R A Caplan
has an interest. At the 30th June 2023 an amount of £176,621 (2022: £175,951) was due to Ecosse Estates Limited, a company in which Mrs A T Caplan has an interest. At the 30th June 2023 an amount of £104,223 (2022: £104,223) was due from RIMO Properties Limited, a company in which Mr R A Caplan
has an interest. At the 30th June 2023 an amount of £49,823 (2022: £22,500) was due from Discount Plumbing Direct Limited, a company in which Mr R A Caplan
has an interest. The amounts mentioned above are interest free, unsecured and have no fixed date for repayment.
11.
Controlling party
The company was under the control of
Mr R A Caplan and Mrs T A Caplan
throughout the current and previous years.